- 20 days ago
- Read More at: Mint
NYC’s Rent-Stabilized Tenants Face Third Year of Price Hikes
NYC's rent-stabilized tenants grapple with a third year of rent increases. The increases, determined by the Rent Guidelines Board, vary by neighborhood and apartment size. Tenants are facing hikes of 3.25% for one-year leases and 5% for two-year leases, the largest increases since 2013. These increases add to the financial burden faced by many tenants, particularly those on fixed incomes.
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